Exxon Mobil CEO Rex Tillerson has emerged as the leading candidate to become Donald Trump’s pick for secretary of state, according to two transition officials, marking the latest twist in a multi-week search.284

Muhtar Kent will step down as chief executive of Coca-Cola Co., handing the task of reviving sales growth to his top deputy, James Quincey. Mr. Quincey’s transition comes as the beverage giant grapples with changing consumer tastes and the looming threat of special taxes on sugary drinks under consideration by several governments.

U.S. stocks rose to fresh records, capping their best week since the presidential election.The gains extend a monthlong rally for stocks as investors pour money into companies that benefit from stronger economic growth and fiscal stimulus.

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The A-hed

Hooking older consumers on paid streaming is important for the music industry, which is counting on revenue from subscription streaming services to replace declining CD and download sales. Music Aficionado, launched in January, is one site trying to promote streaming to the senior crowd.59

Columbia University graduate students have overwhelmingly voted to join the United Auto Workers union, becoming the first Ivy League school to do so and culminating a years’ long effort to gain the right to unionize.